Palantir Technologies Inc. (NASDAQ:PLTR) Position Increased by Navellier & Associates Inc.

Navellier & Associates Inc. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 30.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,961 shares of the company’s stock after buying an additional 8,022 shares during the quarter. Navellier & Associates Inc.’s holdings in Palantir Technologies were worth $2,568,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC increased its holdings in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $66.59, for a total value of $1,997,700.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $50,128,019.74. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the sale, the director now directly owns 111,644 shares of the company’s stock, valued at $7,454,469.88. This represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,680,992 shares of company stock worth $473,395,877 over the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 4.6 %

Shares of PLTR stock opened at $101.33 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The business’s 50 day moving average is $85.87 and its two-hundred day moving average is $59.37. The company has a market cap of $230.84 billion, a PE ratio of 533.36, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLTR. Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Citigroup upped their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $73.21.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.